Due to economic turbulence, exports to traditional markets of Vietnam clothes Manufacturers seems to decline.
As a result, every Vietnam clothing manufacturer is eyeing other alternative markets to maintain profit and growth.
Japan, the EU and the US are still the most important markets of Vietnam Clothes Manufacturers, which account for 12 percent, 17 percent and 51 percent of the total exports respectively.
Exports to Cuba in the first seven months of this year rose by 470.8 percent, while the respective figures recorded for the Indian, Korean, Thai and Chinese markets are 156 percent, 144.2 percent, 131.1 percent and 127.6 percent.
The new markets account for 20 percent of the total export turnover of the textile and garment sector, doubling the figure recorded five years ago.
Since Vietnam’s textile and garment products can pass the strict technical standards to enter the EU and the US markets, it is not so difficult for them to enter the others.
